Economy

A string of major international trade agreements, due to be implemented in 2015, promise to strengthen and diversify Brunei Darussalam’s exports as it ramps up efforts to reduce its dependency on crude oil sales in the wake of plummeting prices. 

Strong fundamentals and a diversified economy are keeping concerns at bay in Dubai, despite a potential cooling of investor sentiment across the region and weakening global conditions.

Despite the turmoil in global energy markets, Saudi Arabia moved towards the end of 2014 with its economy having outperformed many in the region. 

Economic growth will slacken in Malaysia at the end of the year, continuing into 2015 as revenues from oil and other commodities plummet, but structural reforms will help mitigate these effects as well as lower debt. 

Si la diversification de l’économie constitue pour le Gabon un objectif clé dans le cadre de la stratégie du Gabon Émergent, le pays s’est employé en 2014 à augmenter sa production de matières premières, ce qui a contribué au maintien de taux de croissance solides, et ce dans un contexte de climat budgétaire tendu.

Despite declining from the highs of 2013, the Philippines’ economy showed marked resilience in 2014, as it battled back from the impact of a devastating typhoon late last year to give a strong overall performance.